United Internet AG (OTCMKTS:UDIRF) Sees Large Decline in Short Interest

Key Points

• United Internet AG experienced a 42.2% drop in short interest, falling from 65,200 shares on July 15th to 37,700 shares by July 31st.
• The company’s current stock price is $27.34 with a market capitalization of $5.25 billion, alongside a P/E ratio of 36.94.
• United Internet operates as an Internet service provider worldwide, offering a range of broadband and telecommunication products for both private and business users.

United Internet AG (OTCMKTS:UDIRF - Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 37,700 shares, adropof42.2% from the July 15th total of 65,200 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately0.0% of the shares of the company are sold short.

United Internet Stock Performance

Shares of OTCMKTS:UDIRF remained flat at $27.3355 during trading on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.06. The business has a 50-day simple moving average of $27.31 and a 200-day simple moving average of $22.60. The stock has a market capitalization of $5.25 billion, a P/E ratio of 36.94 and a beta of 0.52. United Internet has a one year low of $15.55 and a one year high of $28.4820.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.